MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0084630
Sico Vinyl Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹50.5 Lakh
▼ 60% YoY
Net loss · FY 2025
₹12.66 Lakh
Net margin -25.1%
EBITDA · FY 2025
-₹7.8 Lakh
EBITDA margin -15.4%
Authorised capital
₹2.7 Cr
Registered with MCA
Paid-up capital
₹99.51 Lakh
Issued & subscribed
Satisfied charges
₹4.65 Cr
No open charges
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings
About Sico Vinyl Private Limited
Data last updated:
Sico Vinyl Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 10 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19201MH1991PTC061622. Its GSTIN is 27AAACS5817N1ZY (Maharashtra).
The company has an authorised share capital of ₹2.7 Cr and a paid-up capital of ₹99.51 Lakh. It is led by directors including Rajeshwari Jayant Shah and Jinal Bhavik Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Swastik Compound Rambaugchincholi Bunder Road Malad, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.5 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹12.66 Lakh (net margin -25.1%) and EBITDA of -₹7.8 Lakh (EBITDA margin -15.4%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 31% over five years.
As per MCA filings, the company has satisfied charges of ₹4.65 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 13 filed against it; 2 cases are pending.
Sico Vinyl Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0084630). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sicosafetyshoes.co.in.
Company details
CIN U19201MH1991PTC061622
Registration Number 061622
Incorporation Date 10 May 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0084630
Recognitions & Rankings of Sico Vinyl
Contact details
Sico Vinyl Private Limited's registered office is in Mumbai, Maharashtra. Its website is sicosafetyshoes.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSwastik Compound Rambaugchincholi Bunder Road Malad, Mumbai, Maharashtra, India – 400064
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Sico Vinyl Private Limited, buy the company report.
Comprehensive company report
Sico Vinyl Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Sico Vinyl is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Sico Vinyl Private Limited, buy the company report.
Financials of Sico Vinyl Private Limited
FY 2025 filings availableSico Vinyl Private Limited reported revenue of ₹50.5 Lakh (down 60% YoY) for FY 2025.
Revenue · FY 2025
₹50.5 Lakh ▼ 60%
Net loss · FY 2025
₹12.66 Lakh margin -25.1%
EBITDA · FY 2025
-₹7.8 Lakh margin -15.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 27%
5 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▼ 130%
3 years · compounded
▲ 16%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 60% fall in the latest year. EBITDA fell 130% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.66 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.4% | ||||
| Net Profit Margin | -25.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sico Vinyl Private Limited, buy the company report.
Board of directors of Sico Vinyl Private Limited
Sico Vinyl has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshwari Jayant Shah Also directs: Sico Udyog Private Limited | Director | 29 Sep 2007 | 19 Years 1 Months | Current |
| Jinal Bhavik Shah Also directs: Sico Udyog Private Limited | Director | 29 Sep 2007 | 19 Years 1 Months | Current |
| Bhavik Jayant Shah Also directs: Sico Udyog Private Limited | Director | 01 Apr 2007 | 19 Years 7 Months | Current |
Auditor
Sico Vinyl Private Limited is audited by VIRENDRA AGRAWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIRENDRA AGRAWAL & ASSOCIATES | FY 2023 | 151047W |
Shareholding
The shareholding of Sico Vinyl Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sico Vinyl Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2010 | 10258161 | The Malad Sahakari Bank Ltd. | ₹1.26 Cr | Satisfied | |
| 21 Oct 2010 | 10258183 | The Malad Sahakari Bank Limited | ₹85 Lakh | Satisfied | |
| 21 Oct 2010 | 10258177 | The Malad Sahakari Bank Limited | ₹39.68 Lakh | Satisfied | |
| 18 May 2009 | 10165975 | The Malad Sahakari Bank Limited | ₹87.89 Lakh | Satisfied | |
| 09 Aug 2007 | 10068491 | The Malad Sahakari Bank Limited | ₹46 Lakh | Satisfied |
To see the full charge records of Sico Vinyl Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Sico Vinyl Private Limited has 16 court cases on record: 3 filed by Sico Vinyl, 13 filed against it. 2 cases are pending and 14 are disposed.
Total cases
16
Filed by the company
3
Filed against the company
13
Pending
2
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 2 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by M/S. Udyogi Plastics Private Limited | Disposed |
| Bombay High Court | Court case (EXA) | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed against the company by Swastik Industries | Pending |
To see the full case history of Sico Vinyl Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sico Vinyl Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sico Vinyl has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Sico Vinyl has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5817N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sico Vinyl Private Limited, buy the company report.
Recent activity
Sico Vinyl Private Limited has 6 board changes on record since 2007: 3 appointments and 3 cessations. The latest: Neville Jehangir Billimoria ceased to be Director on 30 Nov 2018.
AGM
Sico Vinyl Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sico Vinyl Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Neville Jehangir Billimoria ceased to be Director.
Charges
A charge registered on 21 Oct 2010 via Charge ID 10258177 with The Malad Sahakari Bank Limited was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 21 Oct 2010 via Charge ID 10258183 with The Malad Sahakari Bank Limited was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 21 Oct 2010 via Charge ID 10258161 with The Malad Sahakari Bank Ltd. was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 18 May 2009 via Charge ID 10165975 with The Malad Sahakari Bank Limited was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 09 Aug 2007 via Charge ID 10068491 with The Malad Sahakari Bank Limited was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 09 Aug 2007 via Charge ID 10068489 with The Malad Sahakari Bank Limited was fully satisfied on 09 Feb 2016.
Charges
A charge registered on 12 Jun 1999 via Charge ID 90348294 with The Malad Sahakari Bank Ltd. was fully satisfied on 09 Feb 2016.
Ceased
Jayant Hirji Shah ceased to be Director.
Charges
A charge with The Malad Sahakari Bank Ltd. of Rs. 1.26 Cr registered on 21 Oct 2010 with Charge ID 10258161 was modified on 04 Jun 2013.
14 earlier events are in the company report.
Frequently asked questions
Sico Vinyl is an active private limited company based in Mumbai, Maharashtra, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 10 May 1991 (35+ years old) and is registered under CIN U19201MH1991PTC061622.
Sico Vinyl has 3 current directors:
- Rajeshwari Jayant Shah - Director
- Jinal Bhavik Shah - Director
- Bhavik Jayant Shah - Director
The latest financial statements of Sico Vinyl on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sico Vinyl is 27AAACS5817N1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sico Vinyl is U19201MH1991PTC061622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sico Vinyl has 16 court cases on record: 3 filed by the company and 13 filed against it. 2 are pending. Most are in the district courts.
Sico Vinyl was incorporated on 10 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Neville Jehangir Billimoria ceased to be Director on 30 Nov 2018. Jayant Hirji Shah ceased to be Director on 14 Dec 2013. Jinal Bhavik Shah was appointed as Director on 29 Sep 2007. Sico Vinyl has 6 board changes on record in total.
Yes, Sico Vinyl is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0084630).
Sico Vinyl can be reached through the website sicosafetyshoes.co.in. Its registered office is in Mumbai, Maharashtra, India.
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